Category: spinning the yarn

If interest rates do fall and you want to get a more favourable rate of interest, you’ll have to pay an early redemption penalty to release yourself from the terms of the agreement. Depending upon how long is left to run, this can amount to several thousand pounds.

If you have a bad credit history, the cost of borrowing money will be far higher. This means that you may actually be better-off staying on Standard Variable Rate (SVR) if you used to have a good credit rating. You may also find it difficult to refinance, especially if you don’t have much equity in your home.

During these hard times, many people get into a cash flow crunch and need extra money fast. Even with a credit crisis causing tight borrowing conditions in the economy, there are still ways to borrow extra cash quickly when that paycheck won’t come soon enough. Even those with bad credit can get cash as long as they have a job or collateral.

There are several types of funding options for those who wish to go to college and further their education. Grants, student loans, and scholarships abound. Some of these funds are gifts, while some must be repaid. Which option should you choose? Scholarships are gifts, and are usually awarded based on merit. There are scholarships based […]

The Consumer Data Industry Association (the representative body for credit reference agencies) claimed that 3% of all credit reports contain inaccurate information. However, other consumer groups have stated that the figure is far higher – up to 25%. Whilst it is possible to debate how many reports contain inaccuracies, there is no doubting the fact […]